industry

$41K Bitcoin? IREN's Mining Costs Expose Industry's Hidden Risks

$41K Bitcoin? IREN's Mining Costs Expose Industry's Hidden Risks

No one is doubting that IREN hitting 50 EH/s is an impressive accomplishment. Their reported $41,000 all-in cost per Bitcoin? Eye-catching. But hold on, before we all start popping the champagne. That number can start to look like a badge of honor. Instead, it shows the extent of existing vulnerabilities...

Arkansas Crypto Mine Rejection A Warning Sign for the Entire Industry?

Arkansas Crypto Mine Rejection A Warning Sign for the Entire Industry?

Vilonia, Arkansas, population about 4,500, just said “no” for the second time to a proposed crypto mine. Though it may sound like a small town kerfuffle, this regional rebuke reverberates with a vastly larger, potentially industry-shifting rejection. Are we witnessing the start of a long overdue decrease in unrestrained crypto...